I will post my trade decision during live market hours in here and Twitter.
The blue marked lines represent my key decision making points as to whether I would short or go long in Nifty_Mid_Select on 07/04/2025.
Note:
A medium term trend can be bullish or bearish. I never confuse myself by merging the medium term trend and an intraday trend.
Example: Considering the current trend to be bearish doesn't imply that intraday trade will be bearish. If the market opens at a gap down or at support, the market
might retrace back to the resistance line (implying that an intraday trade position would be a long position rather than a short position and vice versa).
A trade setup really depends as to where the market opens up. Hence a trade setup view can be taken only after the indices open in the live market.
Like I said, I trade what I see and not what I assume.
****There are 4 indices that I watch out during intraday. I try not to trade multiple indices on any given day. I prefer to Select one of the below indices based on the trade setup and the best possible scenario (Risk versus reward).
Nifty
Bank Nifty
Midcap
Sensex
Regards
Uday
(Disclaimer: I am not a SEBI registered analyst. I only publish my views based on years of experience. I do not solicit trade tips. Please consult a financial advisor before investing)
The blue marked lines represent my key decision making points as to whether I would short or go long in Nifty_Mid_Select on 07/04/2025.
Note:
A medium term trend can be bullish or bearish. I never confuse myself by merging the medium term trend and an intraday trend.
Example: Considering the current trend to be bearish doesn't imply that intraday trade will be bearish. If the market opens at a gap down or at support, the market
might retrace back to the resistance line (implying that an intraday trade position would be a long position rather than a short position and vice versa).
A trade setup really depends as to where the market opens up. Hence a trade setup view can be taken only after the indices open in the live market.
Like I said, I trade what I see and not what I assume.
****There are 4 indices that I watch out during intraday. I try not to trade multiple indices on any given day. I prefer to Select one of the below indices based on the trade setup and the best possible scenario (Risk versus reward).
Nifty
Bank Nifty
Midcap
Sensex
Regards
Uday
(Disclaimer: I am not a SEBI registered analyst. I only publish my views based on years of experience. I do not solicit trade tips. Please consult a financial advisor before investing)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.